Pan Gongsheng talks about bitcoin
in fact, this does not mean much to us. After all, we have never experienced "sudden wealth". How can we talk about "bankruptcy"
bitcoin can be regarded as an imperial presence in virtual currency, and the price of each one is amazing
after bitcoin plummeted some time ago, I saw a very interesting passage:
a friend in the coin circle was still talking about buying a house in the second ring of the imperial capital last year. When I met him today, he said to me: Hello, this is your take out
people who once relied on bitcoin and were worth billions of dollars have fallen to this point in just a few days. How can we not let people sigh
12% in a day, 42% in a month, 77% in a year, and 1.6 trillion in evaporation, no less than the magnitude 10 earthquake
bitcoin, which has doubled 25 million times in the past eight years, has now become a boundless hell struggling to survive
at the end of 2017, the high price of US $20000 was amazing,
10 bitcoins can buy a Mercedes Benz S500,
100 bitcoins can buy a three bedroom apartment in Shenzhen. It doesn't look like much, does it
but in 2009, one dollar could buy 1309 bitcoins. Do you think you missed dozens of billions
however, as we approach the end of the year, bitcoin has become a sad and helpless topic
at the beginning of bitcoin's decline, most people scrambled to get the bottom, but did not think that it was like jumping into an endless abyss, the bottom was broken again and again, and it was just between your thoughts that you lost everything
for the sadness of currency speculation, those who don't will regret it even more
in the past 11 years, I knew that someone had asked for 6800 financial procts on hand
but in the end, instead of buying bitcoin, she spent it traveling
if you buy it, it will be worth about 100 million at the end of 17! Even if it's 4000 dollars, there's 20 million
it turns out that most of the time, we just miss hundreds of millions of properties, but we don't know it
if we want to make money, the stock market and real estate market are all weak, where can we compare with the bitcoin market
of course, some people have studied that every sharp fall of bitcoin will predict the next sharp rise:
in November 2011, US $30 fell to US $2, a 93% drop
in December 2013, it dropped from $1166 to $170, a drop of 85%
since 2017, it has fallen below $4000, a 77% decline
it means that every fall will be followed by a more violent rise
however, many people will suffer from Stockholm syndrome after being locked up. The more they are locked up, the more convinced they are of the scarcity of bitcoin, and then they will surely usher in a ten thousand times soaring future
after all, most of the time, people who rely on bitcoin to make a fortune are not willing to believe that they will lose money
stock god Warren Buffett once warned us: bitcoin is a mirage, a way to transfer funds, and the quadratic power of rat poison. Cryptocurrency has no bottom. What you can do is to stay as far away as possible
we don't know whether bitcoin will continue to fall or soar overnight in the near future. All we can do is wait and see
admission? It depends on your own choice. After all, every financial management has its own risks
be cautious when entering the market. This sentence is not only applicable to the stock market, but also to the bitcoin circle
but as the saying goes: if you are brave enough, if you are hungry enough, you can decide for yourself! Mi Xiaoli, a new way of life.
On January 18, the business management department of the people's Bank of China issued the "notice on carrying out self inspection and rectification of payment services for illegal virtual currency transactions", which made it clear that the unit and its branches are strictly prohibited from providing services for virtual currency transactions, and took effective measures to prevent payment channels from being used for virtual currency transactions
the notice also shows that for the discovered virtual currency transactions, the payment channels of relevant transaction entities should be closed in time, and the funds to be settled should be properly handled
reported and quoted pan Gongsheng as saying in the memo: "we should always maintain a high pressure on the virtual money market, strictly prevent the risk of virtual money from gathering again, and eliminate the potential risks in the bud." He also said that the national and local authorities should ban the places that provide bitcoin and other virtual currency centralized trading, as well as the so-called "wallet" service providers that provide guarantee and clearing services for virtual currency centralized trading, and indivials or institutions that provide market maker services for centralized trading
on January 18, 2018, the business management department of the people's Bank of China issued the "notice on self inspection and rectification of payment services for illegal virtual currency transactions", which made it clear that the unit and its branches are strictly prohibited to provide services for virtual currency transactions, and effective measures are taken to prevent payment channels from being used for virtual currency transactions
the notice also shows that for the discovered virtual currency transactions, the payment channels of relevant transaction entities should be closed in time, and the funds to be settled should be properly handled
it is understood that virtual currency refers to non real currency. The popular digital currencies in 2013 include bitcoin, Leyte coin, infinite coin, quark coin, zeta coin, BBQ coin, penny coin (Internet), invisible gold bar, red coin and prime currency. At present, hundreds of digital currencies are issued all over the world< On January 14, the Ministry of public security, the Supreme People's Procuratorate, the Supreme People's court, the Ministry of instry and information technology, the people's Bank of China and other relevant enterprises said that they would adopt a joint governance model, join hands with more government departments and enterprises to crack down on the network black instrial chain and jointly build a "network security community"<
CCTV also quoted Li Xuyang, head of Tencent's security and anti fraud laboratory, as saying that there are more than 2000 kinds of tokens active in the market and more than 3000 pyramid schemes. The amount and harm involved in such crimes are very large
e to concerns about excessive speculation, money laundering and tax evasion, some government agencies in foreign markets also hold a strong regulatory attitude towards cryptocurrencies such as bitcoin. South Korea has announced the implementation of the real name system for virtual currency transactions. India's Ministry of Finance issued a warning to investors about the risks of cryptocurrency transactions such as bitcoin, saying that digital currency investment is like a "Ponzi scheme"<
according to Reuters' January 16 daily report, Reuters saw an internal memoranm of a government meeting showing that pan Gongsheng, vice governor of the people's Bank of China, believed that centralized trading of virtual currency and indivials or institutions providing related services should be prohibited<
Pan Gongsheng was quoted as saying in the memo: "we should always maintain high pressure on the virtual currency market, strictly prevent the risk of virtual currency from gathering again, and eliminate the potential risks in the bud." He also said that the national and local authorities should ban the places that provide bitcoin and other virtual currency centralized trading, as well as the so-called "wallet" service providers that provide guarantee and clearing services for virtual currency centralized trading, and indivials or institutions that provide market maker services for centralized trading.
On January 16, it was reported that pan Gongsheng, vice governor of the people's Bank of China, believed that centralized trading of virtual currency should be prohibited, and that indivials and enterprises should be prohibited from providing related services, according to an internal meeting minutes
Pan Gongsheng said that the state and local governments should seize the places that provide centralized transactions for virtual currency, and bitcoin is the largest virtual currency. They should also ban indivials and institutions, such as online "wallet" service providers, that provide market making, guarantee and clearing services for centralized transactions in such currencies
China has become the world's largest source of cryptocurrency mining , but pan Gongsheng said that the government should take measures to prohibit such behavior. He suggested that local governments use electricity price adjustment, land use, taxation and environmental protection measures to guide enterprises engaged in such activities to "exit orderly"
Invisible bitcoin can not only make people rich or poor overnight, but also bring people worry about their lives
According to Ukrainian media reports quoted by the daily telegraph, on Tuesday (December 26), Pavel Lerner, CEO of the British bitcoin exchange exmo, was kidnapped after leaving his office in Kiev, Ukraine, and dragged into a black galloping car by a group of masked peopleafter the above news came out, a spokesperson of exmo told the daily telegraph that we are doing our best to speed up the search for Lerner and welcome all clues from the outside world. Exmo's business is running as usual and all users' funds are absolutely safe. According to the company's official website, the platform has more than 900000 users
after the kidnapping incident attracted public attention, exmo also announced on official twitter on Thursday that it had been attacked by DDoS (distributed denial of service) with the intention of destroying platform transactions
according to Wall Street reports, at the beginning of this month, when bitcoin rose to more than US $13000, the payment system of nice hash, the world's largest digital currency mining platform, was hacked and bitcoin in users' wallets was stolen. Bitcoin millionaire, a bitcoin information website, has since estimated that as many as 4736 bitcoins were stolen by hackers, with a total value of more than $62 million
interestingly, as a foreign netizen imagined, after the kidnappers received the ransom, if bitcoin continued to appreciate, it would be OK. If bitcoin collapsed before the gloves turned, wouldn't it be a "huge loss"
In fact, this is also the old question in the minds of many investors - how long can bitcoin's investment boom last On December 2, when talking about bitcoin in public activities, pan Gongsheng, vice governor of the people's Bank of China, said that it was a decisive and correct decision for regulators to shut down bitcoin trading platform and stop ICO a few months ago According to BBC news, on December 14, Andrew Bailey, CEO of the financial conct authority (FCA), the UK's top regulator, issued a warning to investors, saying that bitcoin buyers should be ready for "full compensation". Bitcoin lacks the endorsement and support of the government and the central bank, and its risk level is the same as gambling, he saidon Thursday (December 28), the South Korean government announced the countermeasures to combat virtual currency speculation, and considered closing some virtual currency transactions, so as to curb excessive speculation. In addition, the South Korean government has decided to implement the real name system of virtual currency trading and expand the investigation authority of the Fair Trade Commission, the anti-monopoly law enforcement agency
In a statement, the South Korean government said that cryptocurrency speculation in South Korea has gone too far and has become irrational, according to the report. The government can no longer allow abnormal speculation to developthe Indian authorities also issued a warning. On Friday, India's finance ministry warned investors about the risks of cryptocurrencies such as bitcoin, saying digital currency investments look like a Ponzi scheme, Reuters reported. In a statement, India's Ministry of Finance said investors and other participants in digital currency transactions were "entirely at their own risk" and advised that it was best to avoid such investments
but from the perspective of optimists, bitcoin is not as static as gold. As a virtual currency, its software code is constantly developing, and its functions can be constantly adjusted, improved and updated, and its value can be realized in unimaginable ways, such as, Many bitcoin fans are looking forward to bitcoin's "lightning network" (an improved way to facilitate payment). If bitcoin gets more attractive functions in the process of continuous evolution, people can even use it for convenient and fast cross-border payment
according to China Securities Journal, based on the sustainability of bitcoin development, bitcoin supporters believe that even if the market value of cryptocurrency expands to 20 times the current value, the market will not go crazy. However, as far as bitcoin itself is concerned, with more and more new technologies coming out, bitcoin's share in the cryptocurrency market will show a downward trend in the future
Hong shuning, a senior researcher of Suning Institute of financial research, recently wrote an article, imagining two situations of "truly killing bitcoin":first, all bitcoin development teams are conservative and complacent, no longer absorbing the latest scientific and technological achievements to improve themselves, resulting in the emergence of a new digital currency with all aspects of technical indicators exceeding bitcoin, It is widely accepted by the society and then replaces bitcoin. This is the failure of bitcoin, but also the success of virtual digital currency
Second, there are serious loopholes in the bitcoin protocol or wallet software, which lead to the security of the whole bitcoin system can not be guaranteed, a large area of funds are stolen, sold at a low price and uncontrollable in the short term, and the social confidence in bitcoin is completely lost
so. In this world, money is easy to use
On March 10, the press center of the fifth session of the 12th National People's Congress held a press conference. Zhou Xiaochuan, President of the people's Bank of China, Yi Gang, vice president of the people's Bank of China, pan Gongsheng, vice president and director of the State Administration of foreign exchange, and fan Yifei, vice president of the people's Bank of China, were invited to answer questions from Chinese and foreign journalists on issues related to "financial reform and development."
it is worth noting that at the press conference, President Zhou Xiaochuan also talked about digital currency and blockchain. He said:
"the central bank thinks that the development of science and technology may cause great changes to the future payment business, and the central bank highly encourages the development of financial science and technology. Digital currency, blockchain and other technologies will have unpredictable effects. Problems in the development process need to be standardized
previously, Zhou Xiaochuan answered a series of questions about the digital currency to be issued by the central bank. According to the description of President Zhou Xiaochuan, the digital currency issued by the central bank should have these characteristics:
one is to provide convenience and security
The second is to balance the protection of privacy with the maintenance of social order and the fight against illegal and criminal acts, especially for money laundering, terrorism and other criminal acts Thirdly, it should be concive to the effective operation and transmission of monetary policy The fourth is to retain the control of currency sovereignty, digital currency is freely convertible, but also controllable convertibleat the same time, it is worth mentioning that ring the two sessions a few days ago, deputies to the National People's Congress frequently mentioned bitcoin and its underlying technology
On March 6, Zhou Xuedong, deputy to the National People's Congress and director of the business management department of the people's Bank of China, proposed that domestic bitcoin trading platforms should be included and not be banned, leaving a period of observation. However, in the short term, it is necessary to clarify the regulatory red line of bitcoin trading platforms and strictly supervise them"in the long run, it is necessary to study and explore a long-term regulatory mechanism." Zhou Xuedong said that it is necessary to study the financial and commodity attributes of virtual currencies such as bitcoin, study the nature of bitcoin trading platform, explore the introction of national pilot policies for the management of bitcoin trading platform, and conct pilot licensing or filing for a few qualified trading platforms. At the same time, strengthen the regulatory cooperation mechanism, strengthen instry self-discipline, and build the integrity system of bitcoin exchange
On the afternoon of March 7, chairman of Shanghai Huiyin (Group) Co., Ltd. Wo Weidong said in his speech that bitcoin should be placed under the legal framework to promote its sound development. Wo Weidong said that the recent central bank's efforts to increase the supervision over the special currency trading platform have achieved many results, defined the nature of bitcoin, suppressed the bubble of the market, and also had a preliminary control over the risk of social capital. p> However, woweidong believes that while achieving the above results, relevant problems should also be observed“ At present, the trading volume of bitcoin in China has decreased significantly, and the trading volume of China's main trading platforms has fallen to less than 1% of the original. " In contrast, more than 90% of the global trading volume was in China before that. It is precisely because China has occupied the highland of trading volume before, so "there is no doubt that it has the global pricing power of bitcoin, and has enough voice and influence compared with the bitcoin and even the blockchain instry."woweidong said that for new things like bitcoin and blockchain, world powers are actively exploring them, so they can't simply deny and abandon them. He suggested that bitcoin should be included in the regulation of Internet Finance and appropriate regulatory strategies should be formulated“ Appropriate regulatory strategies can control risks and at the same time truly encourage innovation, promote innovation and lead innovation. "
compared with gold and stock, the market value of bitcoin is very small, but the underlying application technology blockchain of bitcoin has attracted a lot of attention. Due to the official recognition of blockchain technology, markets around the world are studying the feasibility of blockchain technology and digital currency, and the people's Bank of China is also openly recruiting relevant talents and practicing digital currency. In this context, I believe that countries will treat the bitcoin instry with a more tolerant attitude
is different from Alipay, WeChat and other electronic payment. Digital currency is a brand new digital credit currency which is different from traditional credit currency. On the morning of September 9, Zhou Xiaochuan, President of the people's Bank of China, Yi Gang, vice president of the people's Bank of China, and pan Gongsheng, vice president and director of the State Administration of foreign exchange, answered questions from Chinese and foreign journalists on issues related to "financial reform and development.". In response to a question about digital currency, President Zhou Xiaochuan said that bitcoin and other virtual currencies have not been recognized as retail payment instruments, and the central bank does not accept or recognize relevant services at present. At the same time, he also pointed out that the central bank is cooperating with the market to develop digital currency
At the same time, Zhou Xiaochuan also pointed out that digital currency may have some unpredictable effects on financial stability and monetary policy transmission. Therefore, it needs dynamic regulatory measures. Jin Yu, director of the Department of economics, School of economics, Shanghai University of Finance and economics, once commented that "virtual currency" may not only hide the grey transaction or even the black transaction, but also cause all kinds of risks, "crowd out" the real financial innovation, which is not concive to the sustainable and healthy development of Internet finance